It’s Time To Pay The Piper!
A report from the New York Post. "Spring may only have just begun, but the summer season in the Hamptons is already off to a blistering hot start. In Water Mill, a two-home compound spread across some 21 acres has…
I’m One Of Those People Who Bought At The Peak But I Have To Sell
A report from Market Place. "The housing market was going gangbusters during the first part of the pandemic. It was a time of all-cash offers and bidding wars. 'People were doing crazy things,' recalled real estate broker Helen Jeong. 'People…
Some Owners, Eager To Cash Out, Will Accept The Price
A report from the Newport Daily News in Rhode Island. "The City Council is considering asking its legislative delegation to submit a bill that would allow the city to impose a 3% tax on real estate sales over $2 million.…
When Your Main Source Of Investment Falls
A report from Business Insider. "Owners are trying to unload units in the face of the skyrocketing costs of maintaining an apartment in Florida. At the same time, prospective buyers are driven away by those same fees. 'It's definitely been…
The Property Sector Is No Longer A Sunrise Business
A report from Patch New York. "Turns out it's not just Knicks management who sometimes make pricey deals that don't pay off. Former New York Knicks player Samuel Dalembert recently sold off an Upper East Side investment property for a…
During The Boom Time, Everybody’s A Hero
A report from Sarasota Magazine in Florida. "It’s not just a flash in the pan. The local real estate market’s inventory is sustaining growth. In Sarasota County, active inventory for single-family homes increased by 75.4 percent, to 3,135 listings. The…
The Lazy Economic Ponzi Scheme Of Immigration
A weekend topic starting with Bloomberg. "The surge in immigration will help bolster the US economy by about $7 trillion over the next decade by swelling the labor force and increasing demand, the Congressional Budget Office said on Wednesday. The…
We’re Left Holding The Carnage
A report from the Courier Journal in Kentucky. "In the greater Louisville area, December 2023 marked the 24th consecutive month of year-over-year declines in existing home sales. 'Brutal,' Mike Frank, a senior mortgage broker at Homestretch Mortgage in Louisville, said…
We Don’t Really Have A Housing Supply Problem, We Have A Money Problem
A weekend topic starting with Fox 13. "In his State of the State address, Governor Spencer Cox reiterated something he said last month to some of Utah’s most powerful business and community leaders. 'I believe the single largest threat to…
A Lot Of People Are Now Underwater
A report from Barron's on Idaho. "It wasn’t so long ago that homes in Boise were a hot commodity. But now? 'Nobody wants to buy a house in Boise right now, and nobody wants to sell a house either,' Redfin…